Rupesh sold 153 chairs and had a gain equal to the selling price of 53 chairs. Find the profit percentage.
Given:
Number of chairs sold = 153
Gain = SP of 53 chairs
Formula Used:
Solution:
Let SP of one chair = Rs. 1
Total SP = 153
Profit = 53
CP = 153 − 53 = 100
Profit % = (53 / 100) × 100
Profit % = 53%
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